FLS Industries, which owns the former TEAM Aer Lingus business at Dublin Airport, has reduced its estimate for full-year earnings before tax to 700 million Danish krone (€93.9 million) from Dkr900 million. The Danish parent group of FLS Aerospace said the downward adjustment "does not affect" its current operations.

FLS Aerospace initiated a rationalisation plan last June which cut its 1,800-strong Dublin workforce by 60.

The aircraft maintenance division said last month it expected to move into profit in the fourth quarter of the current year. It reported a Dkr401 million loss in the first half of the year.